Category Archives:
TomTom’s Q2 loss widens as inflation, supply chain issues weigh
(Reuters) - Dutch navigation and digital mapping company TomTom on Friday reported worse-than-expected loss for the second quarter, citing high inflation and strained supply chains. The Amsterdam-base...
Jul 15, 2022
Handelsbanken’s second-quarter operating profit misses forecasts
STOCKHOLM (Reuters) - Swedish bank Handelsbanken reported a second-quarter profit well below forecasts on Friday. Operating earnings at the 150-year-old rival to Swedbank, SEB and Nordea fell to 5.25 ...
Jul 15, 2022
After bruising year, GSK approaches consumer split in better health
By Natalie Grover LONDON (Reuters) - Things are looking up for GSK and its chief Emma Walmsley as the British drugs giant prepares to spin off its consumer health business on Monday in London's bigges...
Jul 15, 2022
Analysis: Credit investors see more risk ahead as recession fears rise
By Davide Barbuscia NEW YORK (Reuters) - Rising recessionary concerns are seeing some investors reduce risk in their credit exposure as they brace for an economic slowdown whose magnitude remains high...
Jul 14, 2022
Uniqlo owner’s shares reach 2022 high on profit forecast, yen
TOKYO (Reuters) - Fast Retailing shares surged to the highest level this year in Tokyo trading on Friday after the owner of clothing brand Uniqlo posted a record quarterly profit and raised full-year ...
Jul 14, 2022
Tame inflation to keep BOJ a dovish outlier in global rate-hike rush
By Leika Kihara TOKYO (Reuters) - The Bank of Japan (BOJ) is expected to reiterate its resolve next week to keep monetary policy ultra-loose and remain a dovish outlier as many other central banks rai...
Jul 14, 2022
Indonesia trade surplus beats forecast after palm oil exports resumption
By Gayatri Suroyo and Bernadette Christina JAKARTA (Reuters) - Indonesia booked a larger-than-expected trade surplus of $5.09 billion in June, as palm oil exports surged after the lifting of an export...
Jul 14, 2022
Chinese property shares slide despite Beijing assurance on mortgage protests
HONG KONG (Reuters) - Shares in embattled Chinese property developers fell on Friday as homebuyers' threats to stop mortgage payments on unfinished apartments outweighed Beijing regulators' assurance ...
Jul 14, 2022
Shanghai economy contracts 13.7% in second quarter – stats bureau
BEIJING (Reuters) - Shanghai's economy shrank 13.7% in the second quarter from a year earlier following the citywide COVID-related lockdowns, the biggest contraction among all province-level regions i...
Jul 14, 2022
Instant View: China’s economy contracts in Q2, global risks darken outlook
(Reuters) - China's economy contracted sharply in the second quarter while annual growth also slowed significantly, highlighting the colossal toll on activity from widespread COVID lockdowns, which jo...
Jul 14, 2022
Peoria, IL, USA
47 °F Partly cloudy
